No. of Recommendations: 4
Higher yield with VBIL. Any other advantages/disadvantages?
The advantage with SPAXX at Fidelity is that it can be set as your default cash balance holding. Money moves into and out of SPAXX automatically without any effort on your part.
For smallish sums of money, not much difference between the two.
$10,000 for 1 year earns $423 vs. $396.
If you are wanting to put away money for as long as a year, just go to the source. Buy & rollover short term T-Bills directly from the Treasury.
Recent 4 & 8 week T-bills came out at 4.354% & 4.271%. That's $436 & $427.
